Many Owners do not understand about marketing a home for sale or for rent.
Marketing a house for sale is similar to marketing it for rent.
This principal still applies. When a house for sale is put on the market at $100,000 when it really should be at $85,000, it will sit and sit. Then it is reduced to $97,000 and $92,000, $87,500 etc. When it sits and sits and sits, people think something is wrong with it. When it finally does sell, it sell for much less than the $85,000. It probably sells for $79,000.
However, if it were put on the market at $85,000 then it would sell very close to the asking price.
It is so hard to convenience an owner that their house is not any different than other homes. Their home will sell or rent if price correctly.
No comments:
Post a Comment